ASSICURAZIONI GENERALI SPA v CGU INTERNATIONAL INSURANCE PLC

[2004] Lloyd's Rep IR 457

COURT OF APPEAL

Before Lord Justice Peter Gibson, Lord Justice Tuckey and Sir Martin Nourse

Reinsurance - Insurance of work for installation and maintenance of cables - Settlement of claim by reinsured - Reinsurance agreement requiring reinsurers to “follow the settlements” of reinsured - Scope of obligation to follow settlements - Position where insurance and reinsurance contained same terms and were drafted on back to back basis - Obligation on reinsured to prove that the basis on which the claim was settled fell within the reinsurance as a matter of law.